New York Community Bancorp’s sole traded bond fell off a cliff this week, dragging others down with it

New York Community Bancorp’s sole traded bond fell off a cliff this week, dragging others down with it

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The 44% decline in the stock of New York Community Bancorp Inc. this week dragged shares of other small banks lower with it and also had a chilling effect on their bonds. New York Community Bancorp Inc.’s stock NYCB, on Thursday triggered the steepest drop in regional-bank stocks since the…

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